Newsletter

Blueprint: Moghadam’s Trump tariff fears, Blackstone’s AI push, France’s election investment woes

Prologis chief Hamid Moghadam is considering how a Trump presidency would impact business; Blackstone is limbering up to be the largest financial investor in AI infrastructure across the globe; population tracking sees Pretium close its sixth flagship fund successfully; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: GPIF’s upsized real estate allocation, Starwood’s equity haul for Fund XIII, PGIM’s entry into Australia real estate debt

Japan’s Government Pension Investment Fund has upped its allocation to private real estate, despite being the only alternative asset class in the investor’s portfolio to record a dip in return during its 2023 fiscal year; Starwood nears halfway mark in its capital raise for Fund XIII, showing little impact from SREIT’s woes; HIG Capital wraps up its third European value-add fundraise, marking the largest fund targeting the region to close this year; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Real estate’s hopes for a Labour-led UK, Lone Star Fund’s close, Blackstone’s note downgrade

A new government in the UK has private real estate hoping for smoother sailing after years of political upheaval; Lone Star Funds closes its 12th opportunity fund in a series targeting emerging opportunities in distressed parts of the market; ongoing challenges for Blackstone’s Sponda platform in Finland in the form a note downgrade; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Goldman’s record fundraise, the Maple 8’s uncertain future, KKR’s multifamily assault

It is a new era for Canada’s Maple 8 investors as they face tumult and a decline in overseas investments; Goldman Sachs has reached a record for a fund dedicated to real estate secondaries; KKR has snapped up a massive multifamily portfolio, marking the largest real estate purchase by a private equity manager so far this year; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Private REIT redemptions surge, GIC’s China play, Gaw’s Australian residential venture

Redemption requests spike following Starwood’s decision to limit withdrawals from its own private REIT, though firms are satisfying the cash-outs for now; GIC is ramping up on Chinese residential with a housing joint venture; Gaw Capital is also ratcheting up its residential holdings, but in the fragmented Australian market; and Meadow Partners and Faropoint look to fly under the institutional radar while on the hunt for deals; in today’s briefing, exclusively for our valued subscribers.

Blueprint: Ares eyeing GCP, Carlyle’s looming fund close, L&G’s re-org

Los Angeles-based Ares Management is said to be on the cusp of buying a stake in GLP Capital Partners’ ex-China fund business, which has $66 billion of AUM in Japan, Southeast Asia, Europe, the US and Brazil; BlackRock is diving deeper into the data center world by acquiring a stake in Germany’s Mainova WebHouse GmbH; Carlyle is on track for what could be the biggest fundraise of 2024; Amsterdam-based Redevco has added another senior executive to its ranks; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: The ECB’s rate cut, BGO’s data center investment, Blackstone’s residential push

Private real estate executives expect the impact of the European Central Bank’s rate cut last week to be felt in different ways across the continent; BGO returns for a third investment in the Nordic data center developer Bulk Infrastructure after realizing its original ambitions needed to be bigger; the private real estate industry mulls the impact of the upcoming UK election; mega-manager Blackstone signals it is doubling down on the UK housing sector with a blockbuster single-family rental deal; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: PERE 100 and 200 manager rankings, Town Lane’s $1.25bn raise, NPS’s dedicated real estate platform investment plans

PERE’s definitive manager ranking for 2024 is here, with a different set of firms impacting the top level; Tyler Henritze’s Town Lane closed its first fund at $1.25 billion, with the former Blackstone real estate veteran doing it all in just nine months; National Pension Service of Korea is getting into platform level investing with a dedicated strategy; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Starwood’s redemption limits, CPP’s real estate exposure shift, Stoneweg’s Cromwell acquisition

Starwood Capital takes limiting redemption requests at its Starwood Real Estate Income Trust to the next level; Swiss manager Stoneweg puts itself on the map via the acquisition of Cromwell Property Group’s European business; how the Canada Pension Plan’s exposure to real estate keeps reducing; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Goldman’s $3.6bn close, Tishman Speyer’s data center buy, prices slide in Asia

Goldman Sachs Alternatives’ final close for West Street Real Estate Credit Partners IV brings it a $7 billion lending capacity; Real estate prices in developed markets in Asia are down 10 percent from their peak in 2022, creating a entry point for investors; Tishman Speyer makes its first industrial acquisition in Europe which doubles as the firm’s first data center project; and more in today’s briefing, exclusively for our valued subscribers.